The President of the Hellenic Federation of Enterprises SEV, Spyros Theodoropoulos, visited Skouries together with senior executives of the Association, at the copper and gold mining project under development.
The visitors were informed about Hellas Gold’s investment in the project and the Kassandra Mine, as well as about the broader perspective that the exploitation of Greek mineral wealth creates for the national economy and local development.
With a total current investment in Skouries of 1.06 billion dollars, Eldorado Gold’s investment in the Kassandra Mines is one of the largest foreign direct investments, which at full development exceeds 3 billion dollars in total and currently employs approximately 3,500 people.
With an estimated average annual production of 140,000 ounces of gold and 67 million pounds of copper, the project will contribute significantly to the long-term development of the Greek economy, boosting local employment and the sustainable development of NE Halkidiki and placing the country on the international map of critical mineral raw materials, contributing to Europe’s self-sufficiency in copper.
“The country needs large-scale investments in heavy industry”
Spyros Theodoropoulos, President of SEV, stressed: “I admit that the progress and the size of the investment that I saw today in Skouries are truly impressive. As SEV, we have consistently emphasized that the country needs large-scale investments in heavy industry to transform its production model. Projects like this create quality jobs, boost public revenues and exports, regional development and raise the bar of Greece’s competitiveness. Through the responsible exploitation of the national mineral wealth, we see opportunities and possibilities for new, similar investments in the coming years.”
Christos Balaskas, President of Hellenic Gold, during the visit of the President and SEV executives, stated: “We are on the final stretch for the completion of the project in Skouries – a modern mining hub that upgrades Greece’s production model. With thousands of stable and well-paid jobs, with a steady contribution to public revenues and the current account balance, the project ranks Greece among the top producers of copper and gold at the European level, metals critical for the energy and digital transformation of the European economy.”
